Hi Folks,
Filling in return for 2011.
I acquired shares in 2011 under an approved share participation scheme from my employer in Ireland. All necessary taxes have been deducted by my employer (USC and PRSI). Income tax is not due if I hang onto the shares for 3 years.
Do I still need to declare the acquisition of these shares?
Do I declare it in the section on chargeable assets? What is the purpose of declaring it here?
No tax will be payable. Capital Gains consideration will arise on disposal but I am not in that position yet. I am declaring dividends & understand how to do that.
Cheers
Filling in return for 2011.
I acquired shares in 2011 under an approved share participation scheme from my employer in Ireland. All necessary taxes have been deducted by my employer (USC and PRSI). Income tax is not due if I hang onto the shares for 3 years.
Do I still need to declare the acquisition of these shares?
Do I declare it in the section on chargeable assets? What is the purpose of declaring it here?
No tax will be payable. Capital Gains consideration will arise on disposal but I am not in that position yet. I am declaring dividends & understand how to do that.
Cheers